A retailer purchases items for dollars each and sets the regular selling price at a markup above the purchase price. During a clearance event, the retailer discounts the regular selling price by . Which of the following statements regarding the pricing of an item must be true? Select all such statements.
- The regular selling price of an item is dollars.Cevap
- The clearance sale price of an item is dollars.Cevap
- CThe clearance sale price represents a markup above the original purchase price .
- DThe dollar profit earned on each item sold during the clearance event is dollars.
Cevap
The statements confirming that the regular selling price is dollars and that the clearance sale price is dollars are correct.
The regular selling price is computed by increasing the cost by 40%, yielding . The clearance price is found by reducing by 15%, which equals . Therefore, both the statement that the regular price is dollars and the statement that the clearance price is dollars are correct.
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Applying successive percent changes in algebraic modeling by using correct base values.
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